Here is what the $5 million will get the Pirates. First of all, it brings them a starting pitcher that can win games. The downside to that is his endurance is down, so he may only get 5-6 innings per start. However, the Pirates bullpen is strong enough to carry the load for an extra inning or two. The bullpen will also be able to come into the game with a more managable situation. Another thing the $5 million buys is added experience. Pedro has been in the playoffs, he has won a World Series with the Red Sox, he has been on center stage for a team, he has been in a fierce rivalry with the Yankees, he has been on a Mets team that collapsed twice, and he has also been on losing teams. He will be able to mentor the young pitching staff of the Pirates with game, seasonal, and career experiences. Pedro is also a guy that likes to have fun. He will be able to make it fun for the other pitchers even during the losing times.
Overall, if the Pirates were to go after Pedro Martinez, it would be a very worthy $5 million investment. He will be able to get more wins than whatever other 5th starter the Pirates will get, and he will teach the younger pitchers, which is worth every cent of that $5 million.